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First new car bought with cryptocurrency in Argentina

RIO DE JANEIRO, BRAZIL - The Dietrich Group, owner of Volkwagen and Ford dealerships, announced that a Volkswagen Nivus has become the first car in Argentina to be purchased with Bitcoin.

A VW Nivus Hero Tiptronic is listed at a price of 3.87 million pesos, equivalent to US$38,700 at the official exchange rate. In other words, a full-extras Nivus costs less than one Bitcoin or the equivalent of 94.5 million satoshis (the smallest unit of a bitcoin, each made up of 100 million satoshis). The company did not name the buyer.

The transaction was conducted jointly . . .

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